Q: Your answer to the question about the signifcant drop doesn't make sense. Analysts give all sorts of crazy targets. Raymond James put out a nine dollar target at the end of December which did nothing to the stock price. I get your just relaying whats out there. Why I'm mad is everything I own has dropped in January like NVEI. My true feeling is market manipulation through complex computer programs. This is exasperated with short selling. My trust in the system has gone.
5i Research Answer:
We don't want to defend analysts much, but we think some of the blame needs to be given to investors who react to downgrades. Nothing has changed at the company. Also, CIBC's target price is still 26% above the current price. CIBC had an $11.50 target in 2021. Analysts tend to follow prices: if a stock goes down, more downgrades occur. We really pay little attention to target prices and would focus on fundamentals. WELL has 16 analysts, and on average they expect EPS to grow by 25% this year.